Frequency Electronics, Inc. (NASDAQ:FEIM) Director Acquires 2,161 Shares

Frequency Electronics, Inc. (NASDAQ:FEIM) Director Russell M. Sarachek bought 2,161 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of $15.77 per share, for a total transaction of $34,078.97. Following the completion of the transaction, the director now owns 464,080 shares of the company’s stock, valued at $7,318,541.60. This represents a 0.47 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Frequency Electronics Stock Down 1.4 %

FEIM traded down $0.22 during trading on Friday, reaching $15.53. 42,714 shares of the company’s stock were exchanged, compared to its average volume of 60,768. The company has a market capitalization of $150.28 million, a P/E ratio of 18.94 and a beta of 0.41. The business has a 50 day moving average price of $16.32 and a 200 day moving average price of $14.99. Frequency Electronics, Inc. has a fifty-two week low of $8.62 and a fifty-two week high of $20.33.

Frequency Electronics (NASDAQ:FEIM) last released its quarterly earnings data on Thursday, March 13th. The communications equipment provider reported $1.60 EPS for the quarter. The company had revenue of $18.93 million during the quarter. Frequency Electronics had a net margin of 13.02% and a return on equity of 21.49%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in shares of Frequency Electronics in the 3rd quarter worth approximately $189,000. Barclays PLC bought a new stake in Frequency Electronics in the third quarter valued at $153,000. Geode Capital Management LLC raised its stake in Frequency Electronics by 26.3% during the third quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock worth $1,117,000 after acquiring an additional 19,259 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Frequency Electronics during the fourth quarter valued at $27,000. Finally, IFP Advisors Inc acquired a new stake in shares of Frequency Electronics in the 4th quarter valued at $85,000. Institutional investors own 58.60% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Frequency Electronics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

About Frequency Electronics

Frequency Electronics, Inc, together with its subsidiaries, engages in designing, development, and manufacturing of precision time and frequency control products and components for microwave integrated circuit applications. It operates through two segments, FEI-NY and FEI-Zyfer. The FEI-NY segment offers precision time and frequency control products for communication satellites, terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S.